Mortgage 1956 To 1981 (25 Years) $88/mo - House 15,850 - Today $888,000.00 (in Toronto, Ontario Ca)

Discussion in 'OFF TOPIC SUBJECTS' started by CULCULCAN, Mar 30, 2021.

  1. CULCULCAN

    CULCULCAN The Final Synthesis - isbn 978-0-9939480-0-8 Staff Member

    Messages:
    55,226
    HOUSE1956.JPG

    Today this house is over 888,000.00

    in 1956 when my parents bought it;
    it was about 19,500.00 (as, a 2nd owner),
    1st owner paid about 15,850.00

    HOUSE1956.JPG

    • These mortgages were fixed 88 payments x 12 months =1056 yearly cost of principal and mortage x 25 years = YOUR COST was $26,400 on $15,850
      (so, it cost you 66.6% more - YIKES, who would have thought they'd have used a figure that had 'The Number" of The Beast
    HOUSE1956.JPG
     

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